Section 70A-4a-201 - Security procedure(1) "Security procedure" means a procedure established by agreement of a customer and a receiving bank for the purpose of:(a) verifying that a payment order or communication amending or canceling a payment order is that of the customer; or(b) detecting error in the transmission or the content of the payment order or communication.(2) A security procedure may require the use of algorithms or other codes, identifying words or numbers, encryption, callback procedures, or similar security devices. Comparison of a signature on a payment order or communication with an authorized specimen signature of the customer is not by itself a security procedure.Enacted by Chapter 294, 1990 General Session